payment methods

Goods and services must be paid for. Although barter may be acceptable between individuals, within business, methods for paying for goods are strictly limited by law. These methods, and their definitions are:

Credit Transfer
The bank is authorised to transfer money from the purchaser's account to the vendor's. Includes automatic payments(standing orders), direct debits and tele-banking or internet banking transactions. Automatic Payments or Standing Orders are used to pay regular, consistent sums, and direct debit or customer controlled credit transfers such as tele or internet banking, where the sum being paid varies.

Electronic Funds Transfer
Electronic transactions handled by use of plastic cards, in conjunction with eft-pos and ATM machines, where money is debited directly from the account of the customer and credited to the account of the vendor

Foreign Currency
The legal tender of a country other than the one you are in at the time